By Caroline Simson (June 16, 2022, 8:04 PM EDT) — A Dutch appeals courtroom has canceled a freezing order over $5.2 billion of Kazakh property that had been being focused as two Moldovan oil and gasoline traders attempt to implement a half-billion-dollar award in opposition to the previous Soviet state.
On Tuesday, The Hague Court docket of Attraction lifted the attachment on Kazakhstan’s shares in KMG Kashagan BV, a Dutch entity via which the Kazakh state participates in a world consortium that holds a manufacturing sharing contract for the Kashagan oilfield, positioned within the Caspian Sea. The oilfield is taken into account to be one of many largest found within the final 40 years.
These shares, held…
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